Business, 26.02.2020 03:57 ellamai10123

Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $40,000 cash in exchange for common stock. Identify the general journal entry below that Innovation Consulting will make to record the transaction.

Cash 40,000 Credit

Common Stock 40,000 Debit

Cash 40,000 Debit

Common Stock 40,000 Credit

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Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $40...